UKCM Acquires Multi Let Industrial Asset Near Gatwick Airport - Quick Facts

UK Commercial Property REIT Limited (UKCM.L) announced the acquisition via approximately 25 million pounds forward funding of three new warehouse units, known as Sussex Junction, which are currently under construction near Gatwick airport. Once constructed, the asset will comprise three single storey warehouse buildings. All units have planning for storage and distribution.

UKCM said it is confident of investing remaining cash resources into further acquisitions in the foreseeable future, at which point the Board is expected to confirm an increase in the dividend for fourth quarter 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Teva Pharmaceuticals USA, Inc. has recalled one lot of platelet-reducing drug Anagrelide in the form of capsules due to dissolution test failure detected during routine stability testing, the U.S. Food and Drug Administration, or FDA, said in a statement. The U.S. Food and Drug Administration said it has taken steps to make available millions of cans of additional infant and specialty formula to U.S. consumers in the coming months. Under the agency's recent increased flexibilities, British nutrition products maker Kendal Nutricare will send about 2 million cans of infant formula under the Kendamil brand initially to U.S. beginning in June. Video streaming giant Netflix Inc. announced the availability of a variety of mobile games. Players can download the games directly from the Netflix mobile app. The new games include Dragon Up (East Side Games), Moonlighter (11 Bit Studios), Townsmen - A Kingdom Rebuilt (HandyGames), and Exploding Kittens - The Game (Exploding Kittens Digital).
Follow RTT